New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-19
CALIFORNIA WHEAT MARKET.
=, we REsCUED-LAND sPEcULArION-BAD
'N NEWS FROM sINALOA.


NEWS FROM SINALOA.
tsr TELEGRAPH TO THE rHIDUSh1
AN Francisco, June 15.-The collapse of thu
hat deal In Chicago had it's effect here. but
:. Aid not break the market because the Nevads
ponk CLIQUE stepped in, and by main force held the
heal up There were petty failures, and some
sroters were badly pinched, but panic was
.verted When wheat fell in one day in the
chicago pit twenty cents a bushel the drop here
uas not over three cents. This anomaly is ex-
.,o;ned by the fact that the Nevada Bank has COM
rromised with tho brokers who had contracts to
asI,ver wheat and has actually run the market this
.raek as much as though it owned all the deals.
The sales have all been " wash" sales between the
hanks own brokers at prices which are away above
Chicago or New-York quotations. The cause
- the failure of the big dea! was twO-fold. The
wbeat crop IN California was underestimated and
the refusal Of shipowners to take cargoes at very
Low rates was not expected. The result was that Old
wheat was piled up here, while the deal was pro-
tracted so long that an early harvest began to bring
On new wheat, with which the short" brokers
.ould Gil contracts Between the two mlllstones
tbs gamblers were ground exceedingly fine and only
their large capital prevented disastrous panic
In spite of the failure of the National Guard to be
rresent there will be parade In San Francisco on
rulv T. The regular army troops from the Pres-
d;o will take part and the Grand Army veterans
and many local military societies will march in
line Strong efforts will be made to have an at
traciye procession In order to bring visitors to the
city,
Hote-kecpers complain of dulness now. the tide
ofFastern tourists having been checked for sew
eral weeks.
H.. 7 ;hror boya 1acidad that
the recent charges against Librarian Perkins were
NOT sustained, but they restored his admission card
10 the small boy whom Mr.. Perkins shook up for
making noise in the hall.
great sensation was created in Chinatown this
week by the rescue of female slave
and her marriage to young China
man. The bride was taken from the den
where she was confined by policemen, and at the
City Hall the pair were married by Justice chi
nese highbinders swarmed about the courtroom
and swore vengeance on the bridegroom, while the
old bag who had been robbed of the girl demanded
So 500 for her. The police finally had TO clear the
place with their clubs.
Among the deaths of the week was that of Will
fam T. Sayward native of Rockland, Me-, who
came to this coast in 1850. He served in the first
Legislature of Washington Territory
News was received here this week of the death,
in Cheshire England, of William Mccain, the
founder of the Hibernia Savings Bank of this city,
He started the institution in 1850. aud made per-
sona appeals to mechanics and day la0orers 10
save their money and put 1t at interest The
result is the largest savings bank In San Fran
CISCO with the greatest number of small depostors.
This hank, through the influence OF it's managers.
has done great good in checking the Irish people
from throwing their savings into the stock market.
The fifth train of potatoes for Chicago was start
ed yesterday from Sacramento. 1t consists OF NJ
teen cars, and will go through on passenger time.
The old Cunarder, the Abyssiuia made the trip
from Yokohama to Vancouver in thirteen days and
fourteen hours. The schedule time of the Occi-
dental and Orenta, Company to this city is sixteen
Yokohama to be cut down two days. the Canadian
Pacific will have to do lively work to beat the Gen.
trail Pacifc's time to New-York.
Some of the evil results of the big land boom at
Los Angeles are beginning to be felt by property
Last oo ooo Los Angeles Cony S as
sessment will be $4,000, 900. To pay taxes on
such an assessment will bankrupt some
Of the big andhoiders and will o force
The latest device of land agents to sell at auction
in this city Los Angeles colony lots The real es-
fate transfers in Los Angeles for May were So 000
600, which shows the boom has had no check.
Recent arrivals from Topolobampo give dlscOur-
aging reports of their experience IN the Sinaloa
colony The promise OF So per day for all able
bodied men who would work attracted number
of people from Seattle, who believed in the com
munity system but had no money. Some
of these have returned. Instead Of beng
paid in money the men who work receive |
dne bills on the company They are |
charged rs cents per day for !
board and all washing is done in the company's |
laundry at So per dozen. Several men with fami- |
lies who worked for three months came out In debt
to the company Most Of the Seattle recruits would
return if they had money to get away There are
DOW thirty persons waiting at Iopolobampo for a
steamer to bring them to California They declare |
the prospect hopeless as the sugar plantation deed
ed to the colony has lapsed to its owner because
the manager OF the colony failed 10 cut the cane |
when it was Tipe according to agreement The !
coonists have nothing but com 10 live on, which
they QInd in coffee mills. Many are so poor they !
cannot pay their passage on the steamer. and these
are threatened with starvation.
The latest news from the Sandwich Islands gives
gloomy outlook for the pgmy Kingdom.
During the last two years the loss of white popua
ton has been 1.056, while the gain in Chinese in
that time has been 3.445. The King has been
and is drinking more heavily than usual lie is so
much alarmed by reports of foreign plots TO de-
throne HIM that his palace is Gu .rded night and
Gay and customs officers recently searched con
sgDmcnt of goods to foreign merchantsIn Honolulu
On suspicion that they obtained arms and am-
munition. II Is shrewdly suspected that Claus
Spreckles is at the bottom of Hawaiian discomfort
aud Is fomenting revolution In revenge for the
Kings treachery to him.
THE CHTCATO WHEAT CORNEP